1
Q
What are the 4 types of resources in a business?
A
Human , physical, financial and information.
2
Q
Give examples of human resources?
A
Recruitment processes, Motivation, Employment legalization, discipline,development training , reward systems, selections.
3
Q
Give examples of Physical resources?
A
Work space , equipment-buildings, vehicles and stock.
4
Q
Give examples of Financial resources?
A
Budgets, working capital and cash flows-
WCapital to purchase new stock, pay employee wages and purchase new stock, meet utility bills, supplier bills. Inability to do this can signify the start of major financial problems.
5
Q
Give examples of information resources?
A
Sales Employee detail Production data Supplier records Financial information Customer detail Records of costs
